$USDC Transaction fees are essential to the operation of a blockchain network. They are paid to miners, or validators, who secure the network and process and verify transactions. USD Coin (USDC) is a stablecoin backed entirely by the US dollar and created by the Centurion Consortium. Centurion issues and redeems USDC at no additional fee and is licensed as a money transmitter in the United States and an e-money institution in Europe.

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